On June 8, 2017, the Financial CHOICE Act of 2017 (H.R. 10 – 115th Congress) passed the house with a 233-186 vote adhering to party lines (233 of voting 234 Republicans voted for the bill while all 185 voting Democrats voted against the bill).

H.R. 10 was introduced to Congress on April 26, 2017, sponsored by Representative and Chairman of the House Financial Services Committee Jeb Hensarling (R-TX). If the bill becomes law it would amend the Dodd-Frank Wall Street Reform and Consumer Protection Act, reversing many of its provisions. Congress.gov and the Congressional Research Service note that among other changes the bill would:

The bill now moves on to the Senate where it is likely to face more of a challenge due to the Republicans’ narrower majority in the Senate and the Senate’s rule requiring 60 votes to invoke cloture and move forward with an up-or-down vote.